When is a contract a contract? In a recent case, the Appellate Division of the New Jersey Superior Court considered three possibilities. The case involved the sale of a parcel of vacant land. The seller drafted a real estate contract, and sent it to the buyer, Coddington Communities, LLC, a limited liability company with two […]
Indemnity Clauses : Protection or Peril?
Indemnity clauses are ubiquitous in contracts of all kinds; from copier leases to multi-million (and billion) dollar deals, indemnity clauses are an integral part of a contract. No contract should be without one. The purpose of an indemnity clause is to shift or allocate liability between the parties to a contract, and they are always, […]
